The One you have been waiting for! Seize this rare opportunity to own 100' of medium bank Eld Inlet waterfront with concrete bulkhead near Griffin School. This fully remodeled 4 bedroom + office, 4 bathroom waterfront estate is ideal for multi-generational living. The main floor features finished in place hardwoods throughout, a gourmet kitchen with gas range, butler's pantry and sweeping views of Eld Inlet. The main floor master suite provides a tranquil spot to escape the world-- your own spa-like bathroom, sitting area and private deck for morning coffee. Enjoy 2 more bedrooms on the main floor + 2 guest baths. Curbless showers and extra-wide hallways can accommodate guests of all mobility ranges! Downstairs is a fully self contained apartment with own washer/dryer. Outdoor kitchen ready for waterfront BBQs with pizza oven, full-size grill, gas burners, refrigerator and TV. Just minutes to Hwy 101. Park your boat in the detached 3 car garage with bonus room above. Garage pre-plumbed for bathroom. Award winning K-8 Griffin School. RV & boat parking. Ample parking pad for 12+ cars doubles as pickleball court with flush-mounted net holders in ground! 10 minutes to Olympia's Westside amenities. Your best summers are ahead at Madrona Beach!

Property type

Single Family

Year built

1965

Open houses

No upcoming open houses scheduled for this property.

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3440 Madrona Beach Road Nw, Olympia, WA 98502

Your offerDown payment %

Waive financing Pre-inspection

List price

$1,695,000

Down payment

$339,000

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Property details

Interior features

Second Kitchen
Bath Off Primary
Ceiling Fan(s)
Dbl Pane/Storm Window
Dining Room
Fireplace
Walk-In Closet(s)
Water Heater
Wine/Beverage Refrigerator
2 fireplaces (gas)
Finished basement

Kitchen

Dishwasher
Dryer
Microwave
Refrigerator
See Remarks
Stove(s)/Range(s)
Washer

Bedrooms

4 bedrooms total

Bathrooms

1 full bathroom

Flooring

Ceramic Tile
Hardwood
Carpet

Heating & cooling

Ductless heating
Wall Furnace heating
Ductless cooling

Neighborhood mobility

Walk, bike & transit scores

Mortgage payment forecast

$9,887 per month

Great rate

Principal and interest

Property taxes

HOA dues

Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhood Compare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Based on information submitted to the MLS GRID as of June 1, 2026 at 10:00am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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